Sugarmade Inc (SGMD)

[mrw21j]

Uplisting to Nasdaq will likely not be an event of corporate growth or investor return without other evidence of revenue growth and benefits of corporate expansion. He has been touting the 70 million revenue number for almost 2 years now, and with BZRTH closing, retraced it to 30 million and in recent PR, uses 67 million as the target revenue number - which is not 70. Point being, he can't be trusted to do or properly execute that which he has stated as a goal. The first hurdle is to see the Bizright revenue logged on Sugarmade's ledger. This should have appeared previously per his previous PR, but even still if not in the next quarterly release, there will be a much greater burden of proof to believe anything of this company.

The big question for me is whether the authorized share count will also reduce and if shares issued as part of financing will be included in share reduction of RS?

I suspect it is a bait and switch in order to keep shares available to use in other dilutive financing.